Uniformed voters. www.howobamagotelected.com . These people are clueless in post voting issues for the most part.

Under Reagan the Democrats had control of congress and the purse strings. Reagan wanted to cut more spending, but the Democrats would not allow it. Those tax cuts and his actions turned us around from a really bad economy with all of Jimmy Carter’s blunders. With President Bush 1 he lost his nerve and signed a bill raising taxes and spending more money on social programs that the Democrats wanted. That is why he was only one term.

Under President Clinton the national debt went down because Republicans had control of congress and Clinton had to work with them. He was smart and decided it was really important while we were still on an economic upswing to balance the budget and changing welfare as we knew it (because that is the only way he could get some of his social agenda done). Kudos to him. He governed left of center and while there were a lot I didn’t agree with him on Domestically for the economy he did a good job. By the end of Clintons tenure with the “dot bombs” the economy started going down and started a “mild” rescession.

President Bush 2 inherited a slight rescession, and had to spend for the projects to keep the economy going in his view. Then came 911 that threw a monkey wrench into the economy. Airlines went bankrupt, and ran out of money through no fault of their own–the government would not allow them to fly, and that was a lot of lost income. We had to bail them out to the tune of $15 billion. There went the surplus from Clinton. The economy started moving really slow and Bush 2 saw that tax cuts for income brackets targeting small and medium size business was the way to get us out of it. It worked up until a few years ago. Where Bush 2 made a mistake was letting Republicans in congress get out of control with the spending. He did not use his veto pen. The conservative right blasted the republicans on conservative talk radio at this time. The criticism was there from the Right. It took him eight years to get to that point though–not six months.

The financial meltdown was caused by Democratic policies. The Republicans tried to get legislation that would reign in Fannie Mae and Freddie Mac (Federal Housing Regulatory Act Of 2005) which was fillibustered by the Democrats. Here is part of the summary of this bill:

Sets forth operating, administrative, and regulatory provisions of the Agency, including provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; (7) golden parachutes; and (8) reporting.

This bill would have forced Fannie and Freddie to limit the amount of risky loans it had and report all fraudulent loans to the Fed for further investigation, and raise the bar for independent audits, and limit golden parachutes. The Democrats who shot it down said that it would limit credit for “poor” folks to buy a home. At the time subprime loans were their best freinds, and they were responsible for lenders relaxing the guidelines because they wanted to open up the market more. Some companies used and abused this and responsible for their actions, but politicians started the ball rolling.

We get to the current bail outs–I didn’t support, the Omnibus, is nothing but pork spending that we as a people cannot afford. The stimilus was not a stimilus. Most of the money is not being spent for two years. Over 1 trillion of the bailouts, stimilus, omnibus, that has gone to the states has gone to pay Medicaid. Not to people trying to find a job or who are underemployed and need help–people who don’t want to work that can. Current spending and proposed spending programs by President Obama and the Congress is unsustainable. Why are they burying the reports on the economy? They want to jam healthcare through? They jammed the stimilus, passed cap in trade in the house (this is a total scam my diary: http://www.redstate.com/lisainmd/2009/07/17/cap-in-trade-the-biggest-scam-ever/ ). We are running toward bankruptcy and a dollar worth less than pesos. Most working, tax paying Americans are tired of supporting people who are able bodied, and don’t want to work, and don’t want to pull their weight. Lower taxes and less spending is what we need now to let the free market fix this. When money is given freely and voluntarily to help the less fortunate it is charity, when it is forced it is welfare. People don’t like having to pay more and make more sacrifices just so other able bodied people don’t have to because they don’t feel like it. I’ve been laid off for 3 years from a $90k/ year job, and working temp work $10-$14 when available. Trust me things are tight, I don’t have health insurance, but I don’t think it is everyone elses burden to take care of me, unless I had some major emergency hopefully some charity would step up to help. We are headed for massive inflation–spending money you don’t have and printing money you don’t have the gold for. That is what the cartoon is about. Spending into oblivion is not the answer. California had to make some tough choices, and of course liberals are livid, which means its a good thing.